Section 11.03.050. Procedure for noncompetitive disposition.

Latest version.

The commissioner will, in the commissioner's discretion, set out in writing the procedures the commissioner intends to use in making a disposition of royalty oil, gas, or associated substances without competitive bid. If issued, those procedures will be followed unless the commissioner determines in writing that it is in the best interests of the state to not follow those procedures. In conformity with that determination, the commissioner will, in the commissioner's discretion, set out new written procedures to be followed in making the sale, exchange, or disposition. The commissioner will, in the commissioner's discretion, enter into a noncompetitive disposition of royalty oil, gas, or associated substances without issuing written procedures for that noncompetitive disposition.

Authorities

38.05.020;38.05.183

Notes

Reference

11 AAC 03.070

Authority
 AS 38.05.020  
AS 38.05.183  
History Eff. 12/12/80, Register 76; am 8/8/84, Register 91; am 5/22/93, Register 126

                    
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